Browsing Tasmania » Credit Cards » Platinum Credit Cards
Related Categories: Credit Cards, 0% Balance Transfer Credit Cards, 0% Purchase Credit Cards, Balance Tranfer Credit Cards, Business Credit Cards, Frequent Flyer Credit Cards, Gold Credit Cards, Low Interest Credit Cards, No Annual Fee Credit Cards, Rewards Credit Cards
When it comes to credit cards, the three levels are generally considered to be standard, gold and platinum. For many years, credit card companies Australians have trusted over the years have created different levels of credit cards as a reward to those with excellent credit ratings.
The platinum credit card Australians enjoy using is considered the best of the three types of cards that are available. But what is a platinum credit card and does it really live up to its promise of being the best that you can find?
This type of card is considered the highest level of credit card available. It is for those who have demonstrated excellent credit over a pre-set period of time and in some cases have stepped up from using gold cards. The only real requirements for most platinum cards is that you must be 21 or older, earn a significant income and have an excellent credit rating.
As with gold cards, platinum cards do vary in terms of their credit limit, interest rates and rewards depending on the company that issues the card. However, there are certain standards that all platinum cards offer which means that there are benefits and potential pitfalls for using this type of card for your purchases.
Lower Interest Rate: Certainly one of the biggest advantages of having a platinum card is that the interest rate is significant lower than a gold or standard credit card. Because the card holder has proven their worth in terms of keeping good credit, they are rewarded with a lower interest rate.
Higher Credit Limit: Many platinum cards have credit limits in the tens of thousands of dollars which means that a major purchase such as a vehicle might be made when using the card. This is an option when comparing rates between the card and standard auto loans. However, the higher credit limit can be used for all types of purchases.
Greater Rewards Package: Another incentive that credit card companies’ use is having better rewards packages for customers who have a platinum credit card. The rewards can be for frequent flyer miles, or discounts on products as well as other types of rewards that are frequently found on credit cards. These are more incentives to help entice people to get a platinum credit card, but there are some real advantages.
In addition, there are often extended warranties and buyer protection at higher levels than can be found with standard or gold credit cards.
As for the disadvantages, there are really none outside the scope of the cards themselves. A person will have to keep their credit score high and use the platinum card wisely in order to maintain the lower interest rate. Essentially, if they stay within their budget and pay off the balances quickly they will maintain the status of their card.
Overall, a platinum credit card Australians use on a daily basis offers numerous rewards and benefits that make them well worth qualifying for and receiving.
144 Collins Street
Hobart, Tasmania 7000
Australia
MyState Bank Limited is an Australian financial institution with its headquarters in Hobart, Tasmania and predominately operates through the state of
Suite 13/357 Gympie Road
Strathpine, Queensland 4500
Australia
Our job is to help you find the right loan that is tailored
Regents Park, Queensland 4118
Australia
Mortgage & Finance Broker available across greater Brisbane
50 Martin Place
Sydney, New South Wales 2000
Australia
Macquarie Bank Limited is the largest investment bank in
Level 28, 360 Elizabeth Street
Melbourne, Victoria 3000
Australia
Members Equity Bank Limited, also known as ME Bank is a
144 Collins Street
Hobart, Tasmania 7000
Australia
MyState Bank Limited is an Australian financial institution
Shop 44 Sunshine Plaza
324-328 Hampshire Road
Sunshine, Victoria 3020
Australia
Let us take the hassle out of your new home purchase,
(626 Finance Enquiries since 26-07-2017 04:38PM)
88 Phillip Street
Sydney, New South Wales 2000
Australia
Established in Australia in 1988, the Royal Bank of Scotland
(5666 Finance Enquiries since 22-02-2016 10:39AM)
4 Paloma Pl
Melton West, Victoria 3337
Australia
eChoice Home Loans Pty Ltd offers home loans and insurances.
(397 Finance Enquiries since 07-12-2016 06:05AM)
201 Elizabeth Street
Level 25
Sydney, New South Wales 2000
Australia
G&C Mutual Bank (SGE Mutual Limited) offers Home Loans,
(1439 Finance Enquiries since 02-06-2015 12:24PM)
2 Park Street
Citigroup Centre
Sydney, New South Wales 2000
Australia
Global Consumer Group – This group consist of Citibank and
(7250 Finance Enquiries since 13-06-2015 11:44AM)
Preparing for retirement is a challenging thing for most people. It’s so easy to get caught up in the present that you forget about your financial well-being in the future. The unfortunate thing is that most people do not spend enough time planning for retirement.
The forex market is the most active and liquid exchange platform in the world. Similar to the ASX, the forex market allows investors to trade security instruments; specifically, forex traders deal in fiat currency. this paper discusses profiting from currency exchange fluctuations in the Forex
Looking to cut inefficiencies in your business? Of course you are, or at least you should be. Cloud computing allows you to run your small business more efficiently while saving you time and money, read on to see how Cloud Computing can help your business boost it's output.